32,000 Shares in Kimball Electronics, Inc. $KE Bought by Teton Advisors LLC

Teton Advisors LLC purchased a new stake in Kimball Electronics, Inc. (NASDAQ:KE) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 32,000 shares of the electronics maker’s stock, valued at approximately $956,000. Teton Advisors LLC owned 0.13% of Kimball Electronics at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. State of Alaska Department of Revenue bought a new stake in Kimball Electronics in the third quarter valued at about $31,000. Raymond James Financial Inc. bought a new position in Kimball Electronics during the second quarter worth about $34,000. Tower Research Capital LLC TRC boosted its holdings in Kimball Electronics by 197.2% during the second quarter. Tower Research Capital LLC TRC now owns 2,865 shares of the electronics maker’s stock valued at $55,000 after purchasing an additional 1,901 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Kimball Electronics by 78.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,187 shares of the electronics maker’s stock valued at $65,000 after buying an additional 964 shares in the last quarter. Finally, New York State Teachers Retirement System boosted its stake in Kimball Electronics by 441.6% in the 3rd quarter. New York State Teachers Retirement System now owns 2,199 shares of the electronics maker’s stock valued at $66,000 after buying an additional 1,793 shares in the last quarter. 75.99% of the stock is currently owned by institutional investors and hedge funds.

Kimball Electronics Stock Down 6.8%

Shares of NASDAQ KE opened at $22.63 on Friday. Kimball Electronics, Inc. has a 12-month low of $12.41 and a 12-month high of $33.19. The firm’s 50-day simple moving average is $27.52 and its 200 day simple moving average is $28.61. The company has a quick ratio of 1.31, a current ratio of 2.21 and a debt-to-equity ratio of 0.22. The company has a market cap of $547.87 million, a price-to-earnings ratio of 23.57, a price-to-earnings-growth ratio of 0.89 and a beta of 1.20.

Kimball Electronics (NASDAQ:KE) last announced its earnings results on Wednesday, February 4th. The electronics maker reported $0.28 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.28. The company had revenue of $341.28 million for the quarter, compared to analyst estimates of $339.34 million. Kimball Electronics had a net margin of 1.65% and a return on equity of 6.09%. On average, research analysts expect that Kimball Electronics, Inc. will post 0.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on KE. Lake Street Capital reissued a “buy” rating and set a $32.00 price objective on shares of Kimball Electronics in a report on Friday, November 7th. Wall Street Zen lowered shares of Kimball Electronics from a “strong-buy” rating to a “buy” rating in a report on Monday, February 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Kimball Electronics in a research report on Friday, January 9th. Finally, Zacks Research downgraded shares of Kimball Electronics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

Kimball Electronics Profile

Kimball Electronics, Inc is a global electronic manufacturing services (EMS) provider headquartered in Jasper, Tennessee. The company offers end-to-end product design and manufacturing solutions, serving original equipment manufacturers (OEMs) across a range of industries. With a focus on precision electronics and complex assemblies, Kimball Electronics leverages advanced engineering capabilities, quality systems and lean production methods to support customers from product concept through full-scale production.

The company’s core offerings include printed circuit board assembly (PCBA), system integration, tooling and test fixture development, and aftermarket services.